Form 720s - Kentucky S Corporation Income Tax And Llet Return - 2007 Page 4

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Form 720S (2007)
Page 4
*0700020259*
Schedule K
SCHEDULE K—SHAREHOLDERS' SHARES OF INCOME, CREDITS, DEDUCTIONS, ETC. (See Specific Instructions for Each Line Item)
SECTION I—continued
(a) Pro Rata Share Items
(b) Total Amount
Other Items
24. (a) Type of Section 59(e)(2) expenditures ➤
24(a)
(b) Amount of Section 59(e)(2) expenditures ................................................................... (b)
00
25. Tax-exempt interest income ............................................................................................... 25
00
26. Other tax-exempt income ................................................................................................... 26
00
00
27. Nondeductible expenses .................................................................................................... 27
28. Total property distributions (including cash) other than dividends reported on
line 30 below ........................................................................................................................ 28
00
29. Other items and amounts required to be reported separately to shareholders
(attachschedule) .................................................................................................................. 29
00
30. Total dividend distributions paid from accumulated earnings and profits ..................... 30
Recapture of Tax Credits
31. Recapture of Recycling and Composting Equipment Tax Credit ..................................... 31
00
SECTION II—LLET Pass-through Items
1. S corporation’s Kentucky sales from Schedule A, Section I, line 1 ................................... 1
00
2. S corporation’s total sales from Schedule A, Section I, line 2 ........................................... 2
00
3. S corporation’s Kentucky property from Schedule A, Section I, line 5 ............................. 3
00
4. S corporation’s total property from Schedule A, Section I, line 6 ..................................... 4
00
5. S corporation’s Kentucky payroll from Schedule A, Section I, line 8 ................................ 5
00
6. S corporation’s total payroll from Schedule A, Section I, line 9 ........................................ 6
00
7. S corporation’s Kentucky gross profits from Schedule LLET, Section A, Column A,
line 5 ..................................................................................................................................... 7
00
8. S corporation’s total gross profits from all sources from Schedule LLET, Section
A, Column B, line 5 ................................................................................................................ 8
00
9. Limited liability entity tax (LLET) nonrefundable credit from page 1, Part II, the total
of lines 4 and 6, less $175 ..................................................................................................... 9
00

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